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We're buyers towards 1.1921

We're buyers towards 1.1921 | 07 October 2022

07 October 2022, GBP/USD

Wave Analysis

Yesterday, The British pound rallied to the upperside and is now above the zone 1.14640-1.14266. As long as the price remains above this zone, I am looking for nothing but a possible momentum to the upperside. The anticipated bullish price rally is an extension of the last impulsive wave 5 to the upperside and may see the price rally much higher towards 1.17 and will extend much higher.

Trade Recommendations:

We're buyers towards 1.1921

Bob Stan
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